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Credit Cards
Author : stevewelker Tag : affect bankruptcy Consumer Proposal credit credit card debt effect
31.10.2014
What happens to my credit cards when I file a consumer proposal or assignment in bankruptcy? Upon making an assignment in bankruptcy or consumer proposal, the bankrupt or debtor is required to surrender all of their credit cards to their Trustee in Bankruptcy who will ...
Bankruptcy and Insurance
30.10.2014
Under the Insurance Act of Ontario if your insurance policy's beneficiary is your spouse, child, parent, or grand child then the value of the policy i...
Purposes of the Bankruptcy System
Author : stevewelker
29.10.2014
What are the Purposes of the Bankruptcy System in Canada? While it's not something anyone wants to be involved in, Canada's bankruptcy and insolvency...
Duties of a Bankrupt
28.10.2014
When considering making an assignment in bankruptcy it is important to understand the duties that you may be required to perform in accordance with Ca...
Bankruptcy and Bondability
Author : stevewelker
27.10.2014
What does it mean to be "Bonded"? If a bonded employee steals money from its company, then the company's insurer will reimburse the company for its l...
Consumer Proposals: How Much Do I Need To Offer?
22.10.2014
"How much?".  It's one of the most important questions that people want answered when considering a consumer proposal. Unfortunately, there is no "on...
How do Trustees get Paid?
21.10.2014
How do Trustees get Paid? This is a common question that Licensed Insolvency Trustee's receive from friends, family, fellow professionals, and client...
Consumer Proposals and the CRA
20.10.2014
Consumer Proposals and the CRA You may be able to settle your tax debt with the Canada Revenue Agency ("CRA") by filing a Consumer Proposal; However ...
Car Loan After Bankruptcy
17.10.2014
Many people considering bankruptcy wonder if they'll be able to get a car loan after bankruptcy.  After-all, many people need a car just to get to wor...